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GST ComplianceDeclaration cum Undertaking
To XYZ, GSTIN: 12345 We declare following for our Company / Firm / LLP / Proprietorship having GSTIN ____________________________ Case No. Aggregate Turnover at PAN level Tick whichever is applicable 1 More than Rs. 50 Crores (in any of the preceding financial
GST ComplianceNarrow Meaning of the term “Technical Difficulty” not to be adopted in the Indian context where there are small, medium, and large scale business.
In an appeal filed before Divisional Bench of Karnataka High Court in Union Of India Ministry Of Finance, Department Of Revenue, Through Its Secretary (Revenue) Versus M/S Asaid Paints Limited 1. Rule 117(1A) suffers from the vice of vagueness as to the expression “technical
GST ComplianceGST Insights- Compliances before 31st March 21 and Changes w.e.f. 1st April 2021
I. Compliances before 31st March 2021 A. File GSTR 9 & 9C for F.Y. 2019-20 The due date file GSTR-9 (for taxpayers having aggregate turnover of more than 2 crs.) and GSTR-9C (for taxpayers having aggregate turnover of more than 5 crs.) has been further
GST ComplianceGST Year End Checklist
GST Year-End Checklist Intention: To give guidelines to Accountants in filing of March 21 GST Returns & getting ready for the FY 2021-22 Turnover & Tax Liability thereon 1) Reconcile the Turnover to be reported as per books April to Feb vs what is present
GST ComplianceMost Important Clarification by CBIC on Unauthorized Demands by Tax Officers
Press Note: CBIC Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorized communication means such as phone calls, WhatsApp, and messages asking taxpayers to discharge ‘maximum tax liability’ in ‘cash’ in order to ensure that targets for
GST ComplianceOnus to Pay Fresh Tax or Increase in Rate of GST in Supply of Goods or Services
The onus to Pay Fresh Tax or Increase in Rate of GST in Supply of Goods or Services In day-to-day life, invariably Agreements are entered into with the Principal who is Government or Government Department or Public Sector Companies or Autonomous Bodies or Municipal
GST provisions applicable from 1st April 2021
Introduction GST provisions applicable from 1st April 2021 are discussed here in this article. There is a long list of the new provisions. Gradually it is getting riskier to avoid GST compliances. Department is quite active and in many cases, you may have to spend
CA Shafaly Girdharwal
GST ComplianceFAQs On E-Invoicing in GST- How, when and who is liable
These FAQs On E-Invoicing in GST are drafted 1. What is ‘e-invoicing’? Ans. E-Invoicing means a system in which notified class of registered person uploads specified particulars of B2B Invoices on Invoice Registration Portal (IRP) [ in FORM GST INV -01] and obtain an Invoice
GST ComplianceReply to Notices Under GST
Basic Principles while Replying to any Notice Verify, whether it is in the prescribed Form. Find out whether the alleged default is committed by the recipient and the notice is self-explanatory. If it is not so, write to issuing authority, to clarify. Do not assume
Circular No. 147/03/2021-GST
Circular No. 147/03/2021-GST To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification on refund-related issues – Reg. Various representations have been received seeking clarification on some of the issues relating to
Notification No. 05/2021 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 05/2021 – Central Tax New Delhi, the 8th March 2021 G.S.R…..(E).– In
Whether Service Tax Payable On Constructed Area Falling To The Share of Land-Owner Under Joint Development Agreement?
Whether Service Tax Payable On Constructed Area Falling To The Share of Land-Owner Under Joint Development Agreement? It is very common in the Real Estate Industry, the land–owner does not the wherewithal for construction and development of (a) Group Housing Complex (b) Commercial Complex (c) Residential–cum– commercial